What Are The Legal Requirements Of An S Corp? A S corporation must meet the following legal requirements: Be a domestic corporation Have only allowable shareholders, including individuals, [...] March 20, 2023 / Tips
How is an Airbnb taxed? Airbnb rental income is considered taxable income and must be reported on your tax return. Here’s a brief overview of the tax implications [...] March 19, 2023 / Tips
How Does Having a Holding Company Help My Business? A holding company is a type of company that doesn’t have any operations or active business of its own, but instead owns other companies [...] March 18, 2023 / Tips
What Legitimate Expenses Can I Deduct As A Business Owner As a business owner, you can typically deduct the following legitimate business expenses: Advertising and marketing costs Employee salaries and [...] February 27, 2023 / Tips
What’s a better way to set up your company? S Corp vs. C Corp S Corporation (S Corp) and C Corporation (C Corp) are two different types of business structures in the United States. The main differences [...] February 23, 2023 / Tips
Why Establish A Company In Delaware? There are several reasons to establish a company in Delaware: 1. Favorable corporate law: Delaware has a business-friendly legal system with [...] February 23, 2023 / Tips
What’s The Difference Between S Corp and LLC An S corporation and an LLC (Limited Liability Company) are both types of business structures, but they have some key differences. An S [...] February 15, 2023 / Tips
What Are The Capital Gains Tax Rates? The capital gains tax rates in the United States vary depending on several factors, including the type of asset sold and the [...] February 10, 2023 / Tips
What Are My Responsibilities As An S Corp Owner? As an S Corporation owner, your responsibilities include: Complying with tax laws and regulations Keeping accurate financial records and records [...] February 9, 2023 / Tips
Should I Put my Rental Properties in Multiple LLCs Whether to put your rental properties in multiple LLCs depends on your specific circumstances and goals. Some advantages of having each property [...] February 8, 2023 / Tips